Deepak Fertilisers revises offer price to acquire additional 26% stake in MCF

Sep 26,2014   12:05 Hrs IST

Deepak Fertilisers has revised its open offer to acquire additional 26% stake in Mangalore Chemicals and Fertilisers (MCF) from Rs 63 per share to Rs 93.60 per share. Meanwhile, Zuari Industries along with United Breweries (Holdings) and Kighfisher Finvest India have also revised their open offer to Rs 81.60 per share from Rs 68.55 per share. Mangalore Chemicals and Fertilizers (MCF) is a part of The UB Group, a large and diversified business house. The group is one of the foremost multinational organizations based in the sub-continent with operations in many world markets. It has diverse interests – Brewing, Distilling, Aviation, Fertilizers, Life Sciences, Engineering, Research and Development and Information Technology.